LSE seeks to shake ‘target’ label

The new chief executive aims to re-establish the exchange, ready for the second wave of consolidation

By

Tom Fairless

Updated: February 15, 2010 8:42 p.m. GMT

Once a perennial takeover target, the London Stock Exchange, is looking to re-establish itself under new chief executive Xavier Rolet as a “consolidator” capable of seizing the initiative in Europe’s fluid equities landscape.

Rolet, who joined the LSE in May, has moved quickly to reposition the group, outlining a strategy built around cutting costs, innovating and scaling up by leveraging the group's Italian businesses.